Welspun Corp wins ₹960 crore order, shares rise 4%
pre-market1 source ↓written by the desknot a recommendation
- after securing
- 4%
- order for coated
- ₹960 crore
- order book
- ₹25,750 crore
Shares of Welspun Corp gained over 4% after securing a ₹960 crore order for coated line pipes from its Little Rock facility in the US. This new contract boosts its consolidated order book to ₹25,750 crore, marking the strongest in its history and enhancing revenue visibility through FY27 and FY28.
The order's execution timeline indicates robust demand, likely supporting near-term stock performance.
Not investment advice. For informational purposes only.